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6%! That's a huge amount on a house sale. In the UK your estate agent (seller's agent) usually takes 1-2%, and there are cheaper ways to do it like self-listin
by Nursie 3y ago
6%! That's a huge amount on a house sale.
In the UK your estate agent (seller's agent) usually takes 1-2%, and there are cheaper ways to do it like self-listing. You then get a conveyancer (a lawyer) on each side to actually do the work, and they usually work for a fixed fee.
6% is huge.
- comechao 3y agoIn Brazil, it is also 6%. It's ridiculous, 6% on top of what families spend decades saving for a limited amount of hours of _consulting_. A home is probably the most expensive thing a family will ever buy. Unfortunately, they don't get money if they don't sell, even if they spend hours helping a customer. IMHO, this is bad. A buyer will pay for all the deals that weren't closed.
- manicennui 3y agoGreat news! You also pay a lawyer at closing in the US. They are far, far cheaper than realtors but have much more liability. You can list your home and refuse to pay buyers' agents, but it generally takes much longer to sell a home that way. Not uncommon for a home for sale by owner to later be listed by a realtor when the owner loses patience. As you can read elsewhere in this discussion, real estate agents hate homes for sale by owners because those people generally don't want to pay their commission.
- switch007 3y agoThough if TV shows are anything to go by, it seems US realtors actually do something which can be classed as work. UK estate agents do the absolute bare minimum and often less. When it comes to viewings they really are just key holders and nothing else. Still, 6% is huge